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Forex Analysis


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Forex Analysis

The daily candlestick closure above 1.1130 hinders further bullish trend and enhances the bearish side of the market from the level of 1.1130 till 1.1090.


EUR/USD has been trading downward in H1, H4 and D1 graph. The recent daily candlesticks are also showing a bearish trend of the market according to the daily time frame.


This pair is enhancing the bearish trend of the market. This enhances the downward trend and this continuation is expected even today from 1.1130 to 1.1090.  So, it is a profitable zone. 


Bollinger Bands in H1, H4 and D1 graph are leading to bearish trend and Parabolic SAR is also representing strong bearish trend of the market.


SMA 30, SMA 50 and SMA100 are shuffling but representing that market will move into downward trend. 

So, buying looks risky according to my predictions.


The RSI of last 7 days was shuffling but now the RSI is diverting into selling area.


Trading Recommendations: 


Sell: 1.1130, Take Profit 1.1090, Stop Loss 1.1160, Break out buy 1.1170


Support Levels:


S1 1.1124

S2 1.1121

S3 1.1119


Pivot Point     (1.1126)


Resistance Level:


R1 1.1129

R2 1.1131

R3 1.1134

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